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Institutions Acquire GI Dynamics Shares

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03/21/2012 | 08:59pm EDT

GI Dynamics, Inc. - ASX Announcement

Several Institutions Acquire GI Dynamics Shares Block Trade transacted Lexington, Massachusetts, United States and Sydney, Australia - (22 March 2012) -

GI Dynamics, Inc. (ASX: GID) (GI Dynamics or the Company) today announces that several institutions have completed an off-market purchase of approximately A$21.75 million of the Company's CDI's from certain existing shareholders at a price of $A0.87 per CDI (equivalent to

$A4.35 per share) (the Block Trade). The Block Trade was led by a number of large global

institutions, several of whom were investors in our IPO and are expanding their holdings.

Key Points about the Block Trade:

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